Technical Analysis for DBO - PowerShares DB Oil Fund

Grade Last Price % Change Price Change
B 15.43 1.18% 0.18
DBO closed up 1.18 percent on Monday, March 18, 2024, on 1.54 times normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
Pocket Pivot Bullish Swing Setup 0.00%
Upper Bollinger Band Walk Strength 0.00%
BB Squeeze Ended Range Expansion 0.00%
Above Upper BB Strength 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Up 4 Days in a Row Strength 0.00%
Bollinger Band Squeeze Range Contraction 1.18%
Upper Bollinger Band Walk Strength 1.18%

   Recent Intraday Alerts

Alert Time
Up 1 ATR about 10 hours ago
Possible Pocket Pivot about 12 hours ago
Up 1% about 13 hours ago
60 Minute Opening Range Breakout about 13 hours ago
5x Volume Pace about 15 hours ago

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PowerShares DB Oil Fund Description

The PowerShares DB Oil Fund seeks to track changes, whether positive or negative, in the level of the DBIQ Optimum Yield Crude Oil Index Excess Return™ ("DB Crude Oil Index" or the "Index") plus the interest income from the Fund’s holdings of US Treasury securities less the Fund’s expenses. DB Commodity Services LLC serves as the Managing Owner of the Fund. The Fund is designed for investors who want a cost-effective and convenient way to invest in commodity futures. The Index is a rules-based index composed of futures contracts on light sweet crude oil (WTI). You cannot invest directly in the Index. This Fund is not suitable for all investors due to the speculative nature of an investment based upon the Fund’s trading which takes place in very volatile markets. Because an investment in futures contracts is volatile, such frequency in the movement in market prices of the underlying futures contracts could cause large losses. Please see "Important Considerations" and the Prospectus for additional risk disclosures.


Classification

Keywords: Exchange Traded Fund ETF Exchange Traded Funds Invesco Powershares Commodity Markets Us Treasury Commodity Price Indices Sweet Crude Oil Light Sweet Crude Oil

Is DBO a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 17.4568
52 Week Low 12.6546
Average Volume 412,162
200-Day Moving Average 14.96
50-Day Moving Average 14.53
20-Day Moving Average 14.78
10-Day Moving Average 14.92
Average True Range 0.22
RSI (14) 71.10
ADX 14.5
+DI 35.32
-DI 13.96
Chandelier Exit (Long, 3 ATRs) 14.82
Chandelier Exit (Short, 3 ATRs) 14.97
Upper Bollinger Bands 15.25
Lower Bollinger Band 14.31
Percent B (%b) 1.19
BandWidth 6.36
MACD Line 0.18
MACD Signal Line 0.11
MACD Histogram 0.0643
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 15.75
Resistance 3 (R3) 15.73 15.60 15.70
Resistance 2 (R2) 15.60 15.52 15.61 15.68
Resistance 1 (R1) 15.52 15.47 15.56 15.54 15.66
Pivot Point 15.39 15.39 15.41 15.40 15.39
Support 1 (S1) 15.30 15.31 15.35 15.32 15.20
Support 2 (S2) 15.17 15.26 15.18 15.18
Support 3 (S3) 15.09 15.17 15.16
Support 4 (S4) 15.11